In January 2025, voluntary insurance in Azerbaijan amounted to AZN 140.6 million (~EUR 79.43 million), Trend writes with reference to the Central Bank of Azerbaijan. According to the Central Bank, this is AZN 22.3 million, or 18.9% more y-o-y.

Total paid claims in this segment in January reached AZN 37.5 million (~EUR 21.18 million), which is AZN 7 million, or 23% more y-o-y.

It is noted that in January 2025, insurance companies of Azerbaijan collected a total of AZN 163.7 million, which is 17.6% more y-o-y. At the same time, paid claims on the market in January amounted to AZN 47.6 million, which is 22.8% more than in January 2024, the source writes.

*EUR 1 = AZN 1.77 (31.01.2025)